Tax for Covid-19 wage subsidy can be paid over four years, says Donohoe

Mr Donohoe rejected the suggestion that the scheme might be used by employers to purchase new machinery. Picture: Gareth Chaney/Collins

Minister for Finance Paschal Donohoe has said that any tax liability from the Temporary Wage Subsidy Scheme can be paid over four years.

"If any tax liability does arise the Revenue Commissioners will allow it to be paid back over four years," he told Newstalk’s Pat Kenny show.